Underapplied factory overhead related to a significant decrease in production should be charged to: a. Finished Goods Inventory b. Cost of Goods Sold c. Work in Process Inventory and Finished Goods Inventory d. Work in Process Inventory, Finished Goods Inventory, and Cost of Goods SoldThe purchase requisition is a document used to: a. initiate the return of merchandise to the vendor b. inform the purchasing agent of a need for a materials item c. initiate payment for merchandise received d. inform the Purchasing Department of a receipt of goodsThe expense that theoretically is not a correct part of inventory cost is a. freight-in b. freight-out c. inspection costs d. accounting costs for materials receivedCan you choose a credit card and erase your outstanding debt?How do you find your purchasing price in the interest and how much it cost you in total?What are some strategies consumers can use to reduce the amount of interest they pay on a credit card debtHow can you open too many car credit cards in affect your credit scoreWhat is the advantage of paying your credit card balance in full each month?Why might someone consider choosing loan with the lowest monthly payment and a higher interestIf your credit card limit is 700 and your outstanding balance is 515 what is the largest amount amount you can charge on the card in the upIf you have no debt, do you automatically have a high credit scoreWhen applying for credit, what type of interest rate do you prefer as a borrower and why?12. For a retiring investor, which of the following is the most important factor in determining the suitability of a variable annuity investment?A. The fact that the annuity payment may go up or downB. Whether the investor is marriedC. Whether the investor has concerns about taxesD. The fact that the periodic payments into the contract may go up or down1. An investor might expect to receive the greatest gain on an investment in a corporate bond by purchasingA. Long-term bonds when interest rates are highB. Long-term bonds when interest rates are lowC. Short-term bonds when interest rates are highD. Short-term bonds when interest rates are low10. Cynthia Jones has just had 40 corporate bonds mature. When she bought them 20 years ago, interest rates for this type of bond were quite high but have decreased significantly since then. If she wishes to keep her income and risks at constant levels, she will find that she is facingA. Market riskB. Interest rate riskC. Reinvestment riskD. Business risk19. An investor purchased the stock of a very wellperforming technology company, expecting to receive substantial growth in the future. Shortly after she purchased the stock, the company was sued for patent infringement and lost. This reduced its product line and made serious inroads into its working capital, and the stock declined greatly in value. This is an example of what kind of risk?A. Reinvestment riskB. Business riskC. Legislative riskD. Liquidity risk15. Which of the following would be considered nonfinancial investment considerations?I. Retirement accounts the customer ownsII. Customer's marital statusIII. How much of the customer's income is available for investmentIV. Family health care needsA. I and IIIB. I and IVC. II and IIID. II and IV18. Which of the following mutual funds might interest a speculative investor?A. A money market fundB. An investment grade bond fundC. A technology stock fundD. A blue-chip growth fund16. Which of the following is a customer probably referring to when he speaks of safety in investments?A. Preservation of capitalB. The need for current incomeC. The need for long-term capital growthD. Tax advantages13. A customer is about to buy a variable annuity contract. he wants to select an annuity that will assure him of payments for a minimum period of time. Which of the following payout options would fit this objective?A. Joint with last survivor certainB. Unit refund life optionC. Life annuity with period certainD. Life-only annuity
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